Will there be an indexation of pensions after dismissal in 2020

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

With regard to working pensioners, pension indexation is not made due to the current moratorium on increasing the size. The question arises, will the pension of a pensioner be indexed when he finishes working in 2020?

Indexation of pensions after dismissal

Approximately one third of the total population of Russia continues to work officially after reaching retirement age. The state will index the pension of a pensioner when he finishes working in 2020.

After the termination of the employment contract, you can be sure that the pension benefit will increase due to the missed years of indexation:

• for 2016 - by 4%;
• for 2017 - by 5.8%;
• for 2018 - by 3.7%;
• for 2019 - by 7.05%;
• for 2020 - by 6, 6%.

Based on this, the total indexation figure after the dismissal of a citizen of retirement age will be 27, 15%. Thus, the increase will take place based on the indicators presented in the table below.

Month and year of indexing	Indexing coefficient	Fixed payment, in rubles	Pension coefficient cost, in rubles
February 2016.	1, 04	4 558, 93	74, 27
february 2017	1, 054	4 805, 11	78, 28
april 2017	1, 004	4 805, 11	78, 58
january 2018	1, 037	4 982, 90	81, 49
january 2019	1, 0705	5 334, 19	87, 24
january 2020	1, 066	5 686, 25	93

Three months should pass from the moment of dismissal of a citizen of retirement age, only after this period an increased allowance will be paid, taking into account all indexations.

Calculation of the amount of pension after dismissal

To find out how much a pensioner's pension will be indexed when he finishes working in 2020, you can use two methods.

Method 1. Multiplying the size of your pension by indexation coefficients (annually, points were added to the pension benefit based on the results of the adjustment in August).

For example, an insurance pension was awarded in January 2016, the amount was 11,524 rubles 59 kopecks. For this case - 100 pension points at 71, 41 rubles, a fixed payment of 4 thousand 383 rubles 59 kopecks.

Based on the available data, it is necessary to index the insurance part: 7 141 x 1.04 x 1.054 x 1.04 x 1.037 x 1.0705 x 1.066 = 9 thousand 300 rubles.

After that, you need to index the fixed payment:

4 383.59 x 1.04 x 1.054 x 1.037 x 1.0705 x 1.066 = 5 thousand 686 rubles 25 kopecks.

Next, you need to index the adjustment, taking 3 points annually for an even calculation:

(3 points x 3 years) x 93 rubles (point value for 2020) = 837 rubles.

When all the values are added, a new benefit is obtained as a result of indexation in the amount of 15 thousand 823 rubles 25 kopecks.

Method 2. The amount of the pension benefit is calculated by adding the established payment and the number of pension coefficients. The use of this method is possible when it is known how many pension points a citizen has accumulated at the time of dismissal.

The fixed payment for 2020 will be 5 thousand 686 rubles 25 kopecks, and the cost of the retirement point is 93 rubles. Using the appropriate formula, you can find out what the pension will become in 2020 as a result of adding all the indexations that the citizen missed:

5 686, 25 + 93 x (number of pension coefficients).

If we consider a pensioner who received an insurance pension in January 2016, taking into account all adjustments for three years, he will receive 109 points. Upon dismissal in 2020, his pension will be as follows:

5 686, 25 + 93 x 109 = 15 thousand 823 rubles 25 kopecks.

To find out as easily as possible about the amount of pension after dismissal, it is recommended to view the data in your personal account on the website of the Pension Fund of Russia. In reality, the pension is indexed both for non-working citizens of retirement age and for those working, only the latter receive payments without taking into account the increase.

Interesting! How and when can maternity capital be used in 2020

In your personal account on the PFR website, you can find the following information:

• the amount of the pension benefit for the period of suspension of indexation to working elderly citizens;
• the amount of the pension that is due to a pensioner in the event that he officially becomes unemployed.

According to the latest news, amendments are being prepared to the Constitution of the Russian Federation related to the provision of pensions to citizens of the country. The changes guarantee indexation, as well as regular payments, but there is no information in the document that the pensions of working pensioners will be indexed.

According to experts, the Constitution will contain a reference to the federal law, which will establish the conditions for the indexation of pensions for various categories of citizens. The procedure for increasing pensions for pensioners who officially work will also be determined in the relevant law.

According to information from a source close to the Ministry of Finance, the issue of indexation of pensions for employed elderly citizens has not been considered at the moment.

Summarize

1. After the termination of the employment contract in 2020, a Russian pensioner will receive an increased pension, taking into account all missed indexations during his career. The payment of funds in an increased amount will begin three months after the dismissal.
2. If a pensioner resigns in 2020, then the indexations carried out in 2016, 2017, 2018, 2019 and 2020 will affect the amount of his pension. In total, the size of the pension will increase by 27, 15%.
3. If the pensioner continues to work, his pension will not be indexed. Despite the introduction of amendments to the Constitution of the Russian Federation on the payment of pensions, as well as on the approval of their indexation and regular transfers, in respect of working pensioners, the increase will not be introduced in the near future.